Italy Electric Car Market 2023 Driving Factors Forecast Research 2029

Italy electric car market is projected to augment at a CAGR of more than 20.0% during the forecast period, 2019-2025. The Italian electric car market is comparatively small and has been increasing exponentially for the last couple of years. In 2019, the electric car market augmented with a growth of 76% YoY to 17,100 electric cars as compared to 9,750 cars in 2018. The country is the fourth largest market for passenger cars after Germany, France, and UK due to which a significant opportunity can be witnessed in the near future. Multiple subsidies are offered by the government to promote electric cars in the country. 'Eco tax' as a penalty was introduced in Italy for using a polluting (fossil) vehicle. In addition, the government offers a subsidy of $4,400 for the vehicle that has CO2 emission rating up to 70 g/km whereas a subsidy of $1,650 for vehicles that emit between 21 and 70 g/km. An additional incentive is also provided if an older vehicle is scrapped.

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Italy Electric Car Market research report also helps key participants to know whether developing a novel product or service is appealing or not. It also guides by telling the exact position of the firm in the market. It allows testing business ideas and provides tips to make right investment. There are several novel businesses in the market come across various kinds of consumers and this detailed report provides them an ability of understanding how target consumers think and adapt to their requirements. Important market growth related aspects are also discussed in this Italy Electric Car Market report.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Italy Electric Car Market by Vehicle Type
o Sedan
o Hatchback
o SUV

Italy Electric Car Market by Propulsion Technology
o Battery Electric Car
o Plug-in-Hybrid Electric Car

Italy Electric Vehicle Market by Battery Type
o NiMH
o Li-Ion
o Others

Company Profiles
o BMW AG
o Daimler AG (Smart)
o Hyundai Motor Co.
o Jaguar Land Rover Ltd.
o Nissan Motor Co.
o Renault Group
o Tesla, Inc.
o TAZZARI GL IMOLA SPA

The Report Covers
• Comprehensive research methodology of Italy Electric Car Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting Italy Electric Car Market.
• Insights about market determinants that are stimulating Italy Electric Car Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

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